Nuveen Quality Municipal Income Fund (NYSE:NAD) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Nuveen Quality Municipal Income Fund (NYSE:NAD)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.75 and traded as low as $10.73. Nuveen Quality Municipal Income Fund shares last traded at $10.8250, with a volume of 1,007,306 shares traded.

Nuveen Quality Municipal Income Fund Stock Performance

The firm’s 50 day moving average price is $11.57 and its 200 day moving average price is $11.74.

Nuveen Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0705 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Institutional Investors Weigh In On Nuveen Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in the business. Smith Chas P & Associates PA Cpas purchased a new stake in Nuveen Quality Municipal Income Fund in the second quarter worth $157,000. RFG Advisory LLC raised its holdings in Nuveen Quality Municipal Income Fund by 5.1% in the 2nd quarter. RFG Advisory LLC now owns 52,498 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 2,552 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Nuveen Quality Municipal Income Fund by 25.5% in the 2nd quarter. NewEdge Advisors LLC now owns 486,357 shares of the financial services provider’s stock worth $5,895,000 after purchasing an additional 98,725 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Nuveen Quality Municipal Income Fund by 4.1% in the 2nd quarter. Baird Financial Group Inc. now owns 116,533 shares of the financial services provider’s stock worth $1,412,000 after purchasing an additional 4,556 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Nuveen Quality Municipal Income Fund by 16.3% in the 2nd quarter. HighTower Advisors LLC now owns 102,744 shares of the financial services provider’s stock worth $1,245,000 after purchasing an additional 14,372 shares during the period.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.